According to media reports, high-tech billionaire Elon Musk finally completed his acquisition of short-messaging service Twitter Inc. completed for $44 billion. His first move was to fire the chief executive of the social media company, whom he accused of misleading him about the number of fake accounts on the platform.
Musk has fired Twitter chief Parag Agrawal, chief financial officer Ned Segal and chief of legal and policy Vijaya Gadde, according to people familiar with the case. Agrawal and Segal were at Twitter’s headquarters in San Francisco when the deal was finalized and were escorted out, the sources added.
Twitter, Musk and executives have not yet responded to requests for comment.
“No Place of Horror”
In an open letter to Twitter advertisers, the Tesla boss had previously explained his motives. Musk said Twitter should not become a “place of horror” where anything can be said without consequences. The platform should be “warm and welcoming to everyone”.
Musk had always justified the purchase with a concern to strengthen free speech. Critics are concerned that the change in ownership could lead to less moderated content, leading to more hate messages and misinformation. That could deter advertisers.
Shaking thousands of jobs
A report from the “Washington Post” recently made headlines, according to which the Tesla boss was planning to cut a job on Twitter. He told potential investors that he would reduce the number of employees from 7,500 to about 2,000 in the event of a takeover.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
